Human Capital Management Defined
The backbone of any organization, however small, is its employees. Human Capital Management (HCM) refers to the management of employees in an organization in order to drive the productivity. HCM involves the acquisition of quality talent, training them to constantly upgrade their skills, rewarding them based on merit and retaining the workforce for longer periods.
The proliferation of workforce, both existing and imminent, has paved way for technologies that are expected to keep up with the growing numbers. The trend began with HCM leveraging a consumer-based approach using mobile technology. Recruiters are able to fetch fresh crop of talent through job search engines and applications. As more enterprises go global, mobile/tablet learning helps organizations deploy standard training modules across their branches. On the other hand, cloud-based HCM has emerged as a cost-efficient and flexible alternative to the traditional methods.
Employees can have quick access to a large amount of data without the hassles that are accompanied with legacy software. Similarly, big data analytics has risen to be a game-changer and per industry experts, will be a prominent aspect in the HCM spectrum by 2020. It provides in-depth analysis of numerous performance parameters and can help bridge the gap between the goals of the employee and that of the organization. As technology has evolved further, with the incorporation of sensors, wearable devices, integrated attendance system to name a few, Internet of Things (IoT) has grown to become a viable HCM solution provider. Obtaining real-time data helps organizations make full utilization of their human resource.
An exciting time lies ahead for the HCM solution providers, as they attempt to overcome the challenges pertaining to the security threats in the near future. The onus is very high on the providers as they help shape the landscape of numerous enterprises.
Critical Factors to Consider When Evaluating a Human Capital Management (HCM) System
White Paper By: SyncHR
Human Capital Management is defined as the process of managing an organization’s employees for them to contribute significantly in the overall productivity of organization. Organizations have their pick of these HCM solutions is making the decision of ‘which is the best’ for your organization a challenging one. As the digital HR is a top priority and with this surge of...
Human Resource Document Management Technology: Finding the Right Solution
White Paper By: ACCESS
With increasing awareness of the security and governance risks posed by physical HR files, companies are looking for ways to efficiently convert all of their existing paper records into digital documents, in order to start down a new path that’s exclusively digital. There are no upfront capital expenditures for equipment and technology licenses, and there is no delay for provisioning the...
HR'S NEW ROLE AS A BUSINESS PARTNER : A Seat at the C-Suite Table
White Paper By: AltaFlux
Human resources departments are not being spared in the revolutionary change of the digital age, and for savvy leaders, this creates a ripe opportunity to transition from a support function to a business partner. HR leaders have the ability to shift their positions in organizations from that of a tactical support function to a dynamic and critical business partner. This whitepaper...
Providing a total workers comp solution
White Paper By: Zywave
As a broker in a shifting P&C market, it is important to focus on providing a complete solution in the workers’ compensation arena to help clients improve their business and lower costs, and not only on coverage and obtaining the best price for your client. The traditional “bid and quote” mentality should be thrown out the window; the most successful brokers are...
Managing the safety, health and security of mobile workers: An occupational safety and health practitioner’s guide
White Paper By: The International SOS Foundation and IOSH
Ensuring health and security of workers are complex and ever-evolving subjects, encompassing medical, legal, security, business continuity, financial and reputational considerations. There is a need to have clear organizational policies and strategies in place as well as competent individuals to manage the travel security, health and safety for all travelers with a view to reducing risks and...
Office employees are like professional athletes
White Paper By: BakkerElkhuizen
Today’s office employees are faced with the pressure of having to do increasingly more during their workday. At the same time, they are assuming more responsibilities that require more of their problem-solving and creative capabilities. Recovery is very important for pro athletes, but what does this mean for office employees? This whitepaper focuses on practical ways that...
2018 All Rights Reserved | by: www.ciowhitepapersreview.com